Question: please help:) Pearson Co issue its $163000 at a price of 97 , the stated rate is 6%, the bond term is 4 years, and

please help:)
please help:) Pearson Co issue its $163000 at a price of 97

Pearson Co issue its $163000 at a price of 97 , the stated rate is 6%, the bond term is 4 years, and the market rate is 9%. Assume the term of the bonds is 4 years. Using the straight line method of amortization, the interest expense in the 1st year will be $

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